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How much did MCA pay for Universal Studios?
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What happened to MCA in the 1990s?
Decca, Kapp, and Uni were merged into MCA Records at Universal City, California in 1971; the three labels maintained their identities for a short time but were soon retired in favor of the MCA label.
In 1995, Seagram Company Ltd. acquired 80% of MCA INC. and the following year the new owners dropped the MCA name; thus becoming Universal Studios, Inc. and its music division, MCA Music Entertainment Group, was renamed Universal Music Group.
MCA Inc. became Universal Studios, Inc., in 1996, and the MCA record label was folded into Universal Music Group's Geffen Records in 2003, but Universal's MCA Nashville continues to use the moniker.
Nov 27, 1990 · 1959: MCA pays $11.5 million for the 420-acre Universal Studios complex in the Cahuenga Pass overlooking the San Fernando Valley.
In December 1958, MCA, Inc. purchased the Universal City Studio Lot. MCA's Revue Television Productions relocated to Universal City, and Universal Pictures then leased back its property from MCA. This arrangement lasted three years, until MCA and Universal officially merged in 1962.
In 1958 MCA purchased the TV rights to Paramount ’ s pre-1948 library of 750 feature films for $10 million in cash and an additional $25 million in annual installments of $2 million, and in 1959 MCA paid Universal Studios over $11 million for its 420-acre back lot, complete with facilities and equipment.
MCA Masterplan. The beauty of Universal city is that the cumulative effect of haphazard developments — that started in 1912 with the exploitation of the flatlands for the new necessities of film making, and culminated in the eighties, when the existing Mountain was decapitated to create a further platform for development, now accommodates ...